Company News

ICICI Bank Ltd gained 3.85% today to trade at Rs 361.9. The S&P BSE BANKEX index is up 2.77% to quote at 24254.61. The index is up 6.92 % over last one month. Among the other constituents of the index, Axis Bank Ltd increased 3.67% and IndusInd Bank Ltd added 3.5% on the day. The S&P BSE BANKEX index went down 31.64 % over last one year compared to the 14.31% fall in benchmark SENSEX.

ICICI Bank Ltd has added 6.99% over last one month compared to 6.92% gain in S&P BSE BANKEX index and 8.3% rise in the SENSEX. On the BSE, 1.59 lakh shares were traded in the counter so far compared with average daily volumes of 18.87 lakh shares in the past one month. The stock hit a record high of Rs 552.4 on 30 Dec 2019. The stock hit a 52-week low of Rs 269 on 24 Mar 2020.

Axis Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 423.35, up 3.23% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 10114.7. The Sensex is at 34276.99, up 1.33%. Axis Bank Ltd has risen around 5.1% in last one month.

Meanwhile, Nifty Bank index of which Axis Bank Ltd is a constituent, has risen around 7.21% in last one month and is currently quoting at 20530.2, up 3.1% on the day. The volume in the stock stood at 227.3 lakh shares today, compared to the daily average of 432.52 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 422.8, up 2.65% on the day. Axis Bank Ltd is down 48.55% in last one year as compared to a 15.86% drop in NIFTY and a 32.99% drop in the Nifty Bank index.

This has reference to news item appearing in Business Standard, dated 30th May 2020, titled Private equity player Bain Capital in talks to up stake in Axis Bank. We would like to clarify that the news item is speculative and the Bank has not taken any such decision in this regard. As such no disclosure is required to be made under Reg. 30 of the Listing Regulations and the Bank shall keep the Exchange duly informed as and when any decision is taken by it in this matter. We trust this clarifies the matter.

Axis Bank Ltd lost 3.42% today to trade at Rs 377.5. The S&P BSE BANKEX index is down 2.08% to quote at 21564.41. The index is down 10.96 % over last one month. Among the other constituents of the index, IndusInd Bank Ltd decreased 3.13% and Federal Bank Ltd lost 2.34% on the day. The S&P BSE BANKEX index went down 39.17 % over last one year compared to the 20.02% fall in benchmark SENSEX.

Axis Bank Ltd has lost 13.98% over last one month compared to 10.96% fall in S&P BSE BANKEX index and 2.63% drop in the SENSEX. On the BSE, 1.93 lakh shares were traded in the counter so far compared with average daily volumes of 14.67 lakh shares in the past one month. The stock hit a record high of Rs 826.55 on 06 Jun 2019. The stock hit a 52-week low of Rs 285 on 25 Mar 2020.

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